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<p>[QUOTE="NPCoin, post: 502824, member: 5629"]Unless there is a brand new series that you are interested in "just having the information" for, stick with your current book. As others have said, do not use the Red Book for pricing information, use other sources. A coin is only worth what you, the buyer, are willing to pay for it. There are no MSRP for coins. There are no set retail sticker prices. There are no wholesale outlets or CoinMarts to get the coins you want at a discount. Prices are simply the middle ground that buyer and seller are willing to meet at to exchange "money" for money.</p><p><br /></p><p>Some have mentioned to get the CDN, but do understand, as most people do not, this information is already outdated by the time you receive it as well, but only by a few days. Not only that, but the prices in the Greysheet are bids and asks for dealer-dealer transactions. These transactions usually imply an already established relationship between two business entities. Do not expect to prance into a coin shop, slap down the Greysheet, and get your coin for Greysheet pricing.</p><p><br /></p><p>True, there are instances were you may get something off a dealer for LESS than CDN Bid, but these prices are educated market GUESSES of what a dealer is willing to buy and sell to another DEALER based on compiled information from said dealers. If you track true auction results (Bluesheet, or certified bids/asks are determined differently), then you will see that even in most peer-to-peer transactions, coins usually go for more than CDN Ask.</p><p><br /></p><p>Simply use whatever tools you use for pricing as a guide, and never as "law". it is you, the buyer, who help to determine what a coin is "worth" when you make a transaction that may be tracked in one of these "lists".[/QUOTE]</p><p><br /></p>
[QUOTE="NPCoin, post: 502824, member: 5629"]Unless there is a brand new series that you are interested in "just having the information" for, stick with your current book. As others have said, do not use the Red Book for pricing information, use other sources. A coin is only worth what you, the buyer, are willing to pay for it. There are no MSRP for coins. There are no set retail sticker prices. There are no wholesale outlets or CoinMarts to get the coins you want at a discount. Prices are simply the middle ground that buyer and seller are willing to meet at to exchange "money" for money. Some have mentioned to get the CDN, but do understand, as most people do not, this information is already outdated by the time you receive it as well, but only by a few days. Not only that, but the prices in the Greysheet are bids and asks for dealer-dealer transactions. These transactions usually imply an already established relationship between two business entities. Do not expect to prance into a coin shop, slap down the Greysheet, and get your coin for Greysheet pricing. True, there are instances were you may get something off a dealer for LESS than CDN Bid, but these prices are educated market GUESSES of what a dealer is willing to buy and sell to another DEALER based on compiled information from said dealers. If you track true auction results (Bluesheet, or certified bids/asks are determined differently), then you will see that even in most peer-to-peer transactions, coins usually go for more than CDN Ask. Simply use whatever tools you use for pricing as a guide, and never as "law". it is you, the buyer, who help to determine what a coin is "worth" when you make a transaction that may be tracked in one of these "lists".[/QUOTE]
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